While the manufacturing PMI in Germany supported EUR, this currency is under pressure because of the French election therefore it cannot win over the strong USD. The support rests at 1.05020 with resistance at 1.05510 which both lines are below the weekly pivot point at 1.06030. The EMA of 10 is moving with bearish bias along the descendant channel and it is below the EMA of 100 and 200. The RSI is moving in the oversold area, the Stochastic is moving in its low ranges and the MACD indicator is in negative territory. The ADX is showing buy signals. Short positions are recommended targeting 1.0400.
Comments are closed.
Search
-
EURUSD analysis for 12.08.2022August 12th, 2022
-
GBPUSD analysis for 11.08.2022August 11th, 2022
-
BTCUSD analysis for 10.08.2022August 10th, 2022
-
USDCHF analysis for 09.08.2022August 9th, 2022
-
USDJPY analysis for 08.08.2022August 8th, 2022
-
GBPUSD analysis for 05.08.2022August 5th, 2022
-
USDJPY analysis for 04.08.2022August 4th, 2022
-
AUDUSD analysis for 03.08.2022August 3rd, 2022
-
EURUSD analysis for 02.08.2022August 2nd, 2022
-
USDCHF analysis for 01.08.2022August 1st, 2022